In yesterday's article in Crain's about the developers landing their loan from Bank of the Ozarks, Fifield's role was discussed - they actually have no equity in the development, and to me it sounds as if they are developing the project for a fee from the actual owners, who presumably may not have been able to pull this project off as developer themselves.....

Construction is underway on a luxury skyscraper that will be the tallest building in the city west of the Kennedy Expressway.

Co-developers Fifield Cos. and Skokie-based F&F Realty recently broke ground on a 44-story, 490-foot-tall tower that will bring 492 apartments and 375 parking spaces to the city's West Town neighborhood, near Greektown.

Mark Lecocq, a senior vice president at Fifield, said a name for the building, on Madison Street just east of Halsted Street, had not been decided. The completed building is expected to be valued at roughly $280 million, he said.

Rents for the apartments, which will range from studios to three-bedroom units, haven't been decided and will be based on the going market rates in 2019 when the building is expected to be completed. The building also will include 10,200 square feet of retail.

No idea what the actual owner will do once the project delivers.....I don't know that we have too much of a track record on F&F to suggest whether they are likely to be a long-term holder or a build and seller. If Fifield were the owner, or had a substantial ownership stake, than yes, I'd be inclined to think that if the market were right, they would look to sell. That's one major key in the end - market conditions upon delivery. A lot can change in 2-3 years. Even if it's a preferred build and sell player, when the market works against you, often if you can, you hold....